The Orange Coast College Foundation will begin the process of putting Rabbit Island up for sale, but will give students and faculty a chance to seek alternate methods of funding for the British Columbian property.
At the foundation's board meeting Thursday, several members described the island as a drain on OCC's financial resources and said they were keen on regaining the money they had invested in it. A core group of students and faculty, however, have asked the foundation to hold on to Rabbit Island, calling it a valuable academic resource.
The foundation did not vote on selling Rabbit Island on Thursday, and Executive Director Doug Bennett said no ruling would likely take place until May. For the time being, the board opted for two solutions: begin to appraise Rabbit Island for the real estate market and allow the island's supporters to spend the next two months seeking possible benefactors.